Markets are down slightly, correcting some of Monday’s rally. The S&P 500 has Support at 2322.
The Strongest Leaders should bounce back up to the recent Highs. The Semis SMH & NASDAQ 100 QQQ are holding up well.
The Reward / Risk ratio of investing now is poor, so please do not Buy unless you are VERY NIMBLE, as the Leaders are still Way Above the Green Lines.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
AMAT APPLIED MATERIALS Money Wave Buy today.
AMD ADVANCED MICRO Money Wave Buy today.
MU MICRON TECH Money Wave Buy today.
SYMC SYMANTEC CORP. Money Wave Buy today.
There should be more Money Wave Buy Signals soon. Please click on the WatchList We will email you when they are ready.
EXIT URA URANIUM FUND if it is going to Close Below $15.40.
We will Lower the Sell Stop Loss on VALE VALE DE RIO to $8.42, since it is back in the Green Zone.
Click for PORTFOLIO (Open Positions)
Click for CLOSED POSITIONS
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).
Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 % move in a few days.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buys.
What about buying SMH or QQQ?
Yes, also SMH… QQQ was a Buy yesterday, but R S was Below 90.